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Informative

Call for Lower GST Rate on Two Wheelers: Honda Joins Hero & Bajaj

Update / Judgement Date

30 Jan 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

Honda joined Hero and Bajaj in calling for a lower GST rate on two-wheelers. The manufacturers argue that reducing the tax burden on two-wheelers would increase affordability, thereby benefiting both manufacturers and consumers. The call for a reduction in GST on two-wheelers is part of a broader effort to support the automobile industry, especially in the post-pandemic recovery phase.